There can be many benefits to using a mortgage broker that is near to your home or place of work.

Should meetings be needed then these are likely to be convenient for you and often mortgage advisors can arrange to see clients during a lunch break or after their working day. Also you may find some of your friends or family have used a local mortgage broker that they can then recommend

For the most part, it should be possible for brokers to arrange your mortgage without the need for a physical meeting. Efficient use of technology and communication means that the work involved including the paperwork can be completed without actual meetings.

The primary role for a mortgage broker is to find you the right mortgage for your circumstances.

To do this they first need to ask you some questions to be aware of your current circumstances and then what you would like achieve with the new mortgage. A broker may also need to provide some education to clients on certain aspects of the mortgage, the process and any options available.

They will then search for the mortgage that best suits you. Once agreed, the paperwork is completed & checked and submitted to the lender. Brokers, and their admin teams, will then spend time liaising with lenders as the mortgage processes to offer stage. They will then continue to monitor the situation until legal completion takes place.

It’s important to consider the types of insurance needed for your mortgage and brokers can also help with this.

Mortgage brokers will get paid differently depending on their employment status. Employed advisers will often have a basic salary and then bonuses or commission based on the mortgages they sell.

The company they work for will receive an income from the mortgage lenders as a commission payment for each mortgage and then a fee charged to the mortgage client. This fee is variable depending on how complex the mortgage requirement is.

Many customers find that it is convenient to have their mortgage arranged by their current account provider or a bank branch that is local to them. The overriding downside is that the bank can only discuss and recommend their own mortgage range.

There maybe better mortgages available that are cheaper and more flexible from another company.

And this is where an Independent Mortgage Broker can provide real value. They can search the mortgage market, which includes thousands of different mortgage schemes, to find one that is right for you. So you can feel confident that you have the best deal.